Read on for our next publication in our “Insights | Thought Leadership” series with a short form article titled “COVID-19: Navigating a crisis”. The article identifies several key steps that corporates can immediately take to address the day to day operating challenges and availability of liquidity to get through these unprecedented times.
DHC Capital has been appointed as independent financial advisor to Capital World Ltd (SGX: 1D5) to advise on the debt restructuring and scheme of arrangement. Capital World Ltd applied to commence a Court supervised process to restructure its liabilities and to seek a moratorium against enforcement actions and legal proceedings by creditors pursuant to section 211B of the Companies Act. The Court granted the application for a moratorium for a period of 6 months. Read on for Capital World Ltd’s announcement on the moratorium.
Read on for the next publication in our “Insights | Thought Leadership” series with the first edition of our “Guide to super priority rescue financing in Singapore”. The Guide summarises the legislative landscape and recent cases involving super priority rescue financing in Singapore, including Swee Hong Ltd’s successful super priority rescue financing over unencumbered assets (the first in Singapore).
DHC Capital has been awarded Best Business Restructuring Firm 2020 - South East Asia at the 2020 Singapore Business Awards.
Read on for APAC Insider Magazine’s press release and list of award winners.
DHC Capital Partner David Chew will be speaking at Asian Legal Business Cross-border Debt Restructuring Forum on a panel titled “Rescue and Distress Financing – Seizing Opportunities for Lenders and White Knights” on 3 September 2020* in Singapore.
Read on for GRR’s article on Swee Hong Ltd (SGX: QF6) being granted Court approval for the second super priority rescue financing in Singapore; first involving super priority over assets not otherwise subject to any security interest. DHC Capital acted as independent financial advisor to Swee Hong Ltd on the super priority rescue financing and proposed scheme of arrangement.
DHC Capital Partner David Chew will be speaking at INSOL Cape Town on a panel titled “Developing a Rescue Finance Market – What Does it Take?” on 16 March 2020.
DHC Capital advised Swee Hong Ltd (SGX: QF6) on the super priority rescue financing pursuant to Section 211E of the Companies Act (the “Act”). The rescue financing has a Court order granting (i) security by way of a first fixed charge over unencumbered assets pursuant to Section 211E(1)(c) of the Act and (ii) in the event of a winding up, priority over all the preferential debts specified in Section 328(1)(a) to (g) of the Act and all other unsecured debts pursuant to Section 211E(1)(b) of the Act.
Read on for the Business Times article on honestbee’s proposed scheme of arrangement and injection of fresh capital from an investor consortium. DHC Capital has been appointed as independent financial advisor to honestbee.
Read on for GRR’s article on Design Studio Group Ltd (SGX: D11) filing for restructuring proceedings in Singapore and Malaysia and the appointment of legal and financial advisors. DHC Capital Partner, David Chew was appointed as Non-Executive Chairman and member of the Audit Committee and chairman of both its Remuneration Committee and Nominating Committee to provide support at the Board level for the Court-supervised restructuring.
Read on for the Business Times article and Design Studio’s announcement on the application to the High Court in Singapore for a six-month moratorium as it seeks to undergo a Court-supervised process to reorganise its liabilities. DHC Capital Partner, David Chew was appointed to the Board as Non-Executive Chairman and Independent Director of Design Studio Group Ltd (SGX: D11) to provide support at the Board level for the Court-supervised restructuring.
Read on for the Business Times article and Swee Hong’s announcement on entering into a placement agreement with CIIC Group to fund payments to its creditors under the proposed scheme of arrangement. DHC Capital has been appointed as independent financial advisor to Swee Hong Ltd (SGX: QF6).
David Chew presented at CPA Australia’s Monthly Public Practice Development Program on “Debt restructuring – Recent developments in Singapore schemes of arrangement”. The seminar was fully attended with approximately 80 participants hearing about the legislative reforms in Singapore, SGD bond restructurings, super-priority rescue financing and case studies.
David Chew has been appointed to the Board as Non-Executive Chairman, member of the Audit Committee and as chairman of the Remuneration Committee and Nominating Committee of Design Studio Group Ltd (SGX: D11) to provide support at the Board level for the Court-supervised restructuring. Read on for Design Studio’s announcement on the appointment.
Read on for the Business Times article and Viking Offshore’s announcement on entering into a conditional placement agreement with Ruddin Advisory Limited and Blue Ocean Capital Partners Pte Ltd to facilitate its court supervised debt restructuring and scheme of arrangement.
Read on for the Business Times article on Aqua Munda’s offer to buy Hyflux’s unsecured debt ahead of the proposed scheme meeting and DHC Capital's viewpoints on the merits of the debt buy-out offer.
Read on for the Business Times article on Viking Offshore entering into a term sheet with two parties to raise S$5 million in gross cash proceeds by placing out 66.5 per cent of its enlarged share base, after issuing new shares to creditors. DHC Capital has been appointed as independent financial advisor to Viking Offshore and Marine Ltd (SGX: 557).
David Chew was elected to Chartered Accountants Australia and New Zealand (“CA ANZ”) Singapore Overseas Regional Council following elections held between 27 September 2019 and 18 October 2019. The appointment as Councillor is for a term of 3 years commencing on 1 January 2020.
“With hard work and effort, you can achieve anything”
Antoine Griezmann
We are 2 years old! It’s amazing how quickly the time has passed.
We have made big strides in the last 6 months (click here to read our 18 month update) with recent high profile restructuring engagements for both public and private companies and involvement in several “firsts” in the market.
Read on for Business Times article on honestbee’s plan to enter the co-working space, strengthening its senior leadership team and DHC Capital's comments on the plan to deal with honestbee’s overseas debt.
Read on for Business Times article and honestbee’s press release on the extension of the moratorium until 31 January 2020. The extension has provided honestbee with breathing room from the threats of liquidation and legal proceedings and allows it a period of certainty to restructure its US$209 million debt that is owed to its creditors.
DHC Capital Partner and Founder David Chew will speak at a Hong Kong Institute of Certified Public Accountants (HKICPA) Restructuring and Insolvency Faculty seminar on “Debt restructuring – Recent developments in Singapore schemes of arrangement” on 8 October 2019.
DHC Capital has been recognised as an industry leader by Acquisition International with recognitions including:
Best Restructuring & Turnaround Firm 2019 – Singapore
Recognised Leaders in Capital Structure Advisory Services 2019
Read on for GRR’s article on honestbee Pte Ltd’s announcement that it will pursue a scheme of arrangement and the appointment of DHC Capital as independent financial advisor.
Read on for the Business Times article on honestbee Pte Ltd’s application to commence a Court supervised debt restructuring and the appointment of DHC Capital as independent financial advisor
Read on for the Straits Times article on honestbee Pte Ltd’s application to commence a Court supervised debt restructuring and to seek a moratorium against enforcement actions and legal proceedings by creditors and the appointment of DHC Capital as independent financial advisor.
DHC Capital has been appointed as independent financial advisor to honestbee Pte Ltd on the debt restructuring and scheme of arrangement. honestbee Pte Ltd applied to commence a Court supervised process to restructure its business and liabilities and to seek a moratorium against enforcement actions and legal proceedings by creditors pursuant to section 211B of the Companies Act. Read on for honestbee Pte Ltd’s announcement on the appointment.
Read on for GRR’s article on the debt restructuring of Viking Offshore and Marine Ltd (SGX: 557). DHC Capital acted as independent financial advisor to Viking Offshore and Marine Ltd on the debt restructuring and scheme of arrangement pursuant to Section 211 of the Companies Act.
Read on for the Business Times article on Viking Offshore and Marine Ltd’s (SGX: 557) application to commence a Court supervised debt restructuring and to seek a moratorium against enforcement actions and legal proceedings by creditors and the appointment of DHC Capital as independent financial advisor.
DHC Capital has been appointed as independent financial advisor to Viking Offshore and Marine Ltd (SGX: 557) to advise on the debt restructuring and scheme of arrangement. Viking Offshore and Marine Ltd applied to the Court to commence a Court supervised process to reorganise its liabilities and to seek a moratorium against enforcement actions and legal proceedings by creditors pursuant to section 211B of the Companies Act.